Token Truce Seeks to Restore Confidence in AI and Crypto Partnerships
- Fetch.ai and Ocean Protocol near resolution of 286M FET token dispute, with Fetch proposing return to avoid legal battles and Ocean signaling compliance if formal terms are met. - Dispute originated from ASI alliance collapse, involving alleged FET market manipulation via OCEAN token conversions, causing FET's 93% price drop to $0.26. - Recent collaborative talks include Fetch offering to cover legal costs for return, while Ocean demands formal agreements, sparking 3% FET price rebound but lingering exec
The prolonged conflict between Fetch.ai and Ocean Protocol regarding 286 million
The dispute originated after the Artificial Superintelligence (ASI) alliance broke down in October 2024. The main issue centers on claims that Ocean Protocol swapped 661 million OCEAN tokens for FET and sent some of these to centralized exchanges such as Binance and GSR Markets, according to a
Since the ASI merger, FET’s value has plunged more than 93%, now trading near $0.26. Technical analysis shows the token is heavily oversold, with a Relative Strength Index (RSI) of 27, as reported by
Recent events have shifted the dynamic from confrontation to cooperation. During a public X Space session, Sheikh announced that Fetch.ai would withdraw all legal actions if Ocean Protocol returned the tokens, as reported in
The final resolution depends on agreeing to terms that guarantee openness and prevent future conflicts. Analysts suggest that a structured return of tokens with vesting requirements could reduce selling pressure and help rebuild confidence in the AI-crypto sector. The outcome could also set a precedent for decentralized projects, highlighting the importance of strong governance in token partnerships.
If completed, the agreement could be a pivotal moment for both organizations. Fetch.ai hopes to shift its focus back to AI development, while Ocean Protocol aims to regain trust after its contentious departure from the ASI alliance. However, any delays or lack of clarity in the settlement could extend market uncertainty, with FET’s recovery hinging on ongoing transparency and strict adherence to the agreed terms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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